Food and groceries $821.30 medical $751.33 housing $1000. 3 hundred $.24 and $70 transportation $1251 monthly taxes $882.58 other necessities $445.67 the table shows the monthly basis means for a budget for a two child family with one working adult in Fort Worth Texas determine what hourly wage working full-time is required to meet the family’s basic needs round to the nearest hundredths
To determine the hourly wage required to meet the family's basic needs, we need to calculate the total monthly expenses first.
Food and groceries: $821.30
Medical: $751.33
Housing: $1000.00
Utilities: $300.24
Transportation: $70.00
Taxes: $1251.00
Other necessities: $882.58
Total monthly expenses = $821.30 + $751.33 + $1000.00 + $300.24 + $70.00 + $1251.00 + $882.58 = $5076.45
Assuming a full-time working month consists of 160 hours on average, we can divide the monthly expenses by the number of working hours to find the hourly wage required.
Hourly wage = $5076.45 / 160 = $31.73
Therefore, the approximate hourly wage required to meet the family's basic needs is $31.73.